Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study

To fulfill the concept of maqasid shari’ah as well as to be in lined with the efforts from the Malaysian National Audit Department (MNAD) in improving accountability and transparency in the public sectors, zakat institutions are no exceptions in this case. Zakat institutions need to ensure that the...

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Main Authors:	Sapingi, Raedah, Puat Nelson, Sherliza
Format:	Conference or Workshop Item
Language:	English
Published:	2016
Subjects:	H96 Public policy (General), Policy sciences
Online Access:	http://irep.iium.edu.my/58619/ http://irep.iium.edu.my/58619/14/58619.pdf

id	iium-58619
recordtype	eprints
spelling	iium-586192017-10-04T01:11:56Z http://irep.iium.edu.my/58619/ Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study Sapingi, Raedah Puat Nelson, Sherliza H96 Public policy (General), Policy sciences To fulfill the concept of maqasid shari’ah as well as to be in lined with the efforts from the Malaysian National Audit Department (MNAD) in improving accountability and transparency in the public sectors, zakat institutions are no exceptions in this case. Zakat institutions need to ensure that the funds collected and disbursed are reported accordingly. Prior studies have shown that zakat payers’ were dissatisfied on the lack of information disclosed in zakat disbursement’s information among zakat institutions in Malaysia. Hence, leads to questions of accountability in the dissemination of information that might have caused from the inconsistencies in the disclosure practices among zakat institutions in Malaysia. Further, the nonexistence of a regulatory body or, zakat accounting standards to regulate and provide guidelines for reporting and disclosure, increases the information gap. Therefore, this study intends to investigate the current disclosure practices among zakat institutions; that put focus on financial, nonfinancial and governance information. Semi-structured interviews were conducted with zakat payers. The findings highlight that zakat payers were of the opinion that disclosures practices among zakat institutions were inadequate. The study concludes that the issue of accountability among zakat institutions is still questionable and many rooms need to be improved 2016 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/58619/14/58619.pdf Sapingi, Raedah and Puat Nelson, Sherliza (2016) Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study. In: 2nd UUM Qualitative Research Conference 2016, 24th-26th May 2016, Penang, Malaysia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H96 Public policy (General), Policy sciences
spellingShingle	H96 Public policy (General), Policy sciences Sapingi, Raedah Puat Nelson, Sherliza Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
description	To fulfill the concept of maqasid shari’ah as well as to be in lined with the efforts from the Malaysian National Audit Department (MNAD) in improving accountability and transparency in the public sectors, zakat institutions are no exceptions in this case. Zakat institutions need to ensure that the funds collected and disbursed are reported accordingly. Prior studies have shown that zakat payers’ were dissatisfied on the lack of information disclosed in zakat disbursement’s information among zakat institutions in Malaysia. Hence, leads to questions of accountability in the dissemination of information that might have caused from the inconsistencies in the disclosure practices among zakat institutions in Malaysia. Further, the nonexistence of a regulatory body or, zakat accounting standards to regulate and provide guidelines for reporting and disclosure, increases the information gap. Therefore, this study intends to investigate the current disclosure practices among zakat institutions; that put focus on financial, nonfinancial and governance information. Semi-structured interviews were conducted with zakat payers. The findings highlight that zakat payers were of the opinion that disclosures practices among zakat institutions were inadequate. The study concludes that the issue of accountability among zakat institutions is still questionable and many rooms need to be improved
format	Conference or Workshop Item
author	Sapingi, Raedah Puat Nelson, Sherliza
author_facet	Sapingi, Raedah Puat Nelson, Sherliza
author_sort	Sapingi, Raedah
title	Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
title_short	Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
title_full	Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
title_fullStr	Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
title_full_unstemmed	Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study
title_sort	current disclosure practices by zakat institutions in malaysia: an exploratory study
publishDate	2016
url	http://irep.iium.edu.my/58619/ http://irep.iium.edu.my/58619/14/58619.pdf
first_indexed	2023-09-18T21:22:55Z
last_indexed	2023-09-18T21:22:55Z
_version_	1777412001821097984

Current disclosure practices by Zakat Institutions in Malaysia: An exploratory study

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